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Market Chatter: Bank of Korea Makes $250 Million Gold ETF Investments, First in 13 Years

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The central bank of South Korea bought 679,765 shares of SPDR Gold Shares, a gold-backed exchange-traded fund worth about $250 million during the second quarter-end amid ongoing global economic uncertainties, Bloomberg News reported Thursday, citing a US Securities and Exchange Commission filing.

The Bank of Korea's purchase of gold-linked assets marks its first such investment in the last 13 years, with the central bank reporting no ETF holdings three months earlier.

The Bank of Korea did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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